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Define the sales price with vat

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Reference no: EM132558990

A manager sets a price for the stationery basket.

QUESTION 1: Define the sales price with VAT 20%, Gross Margin and Mark-up for the total basket and its units with the information given.

Show all calculations in analytical format

                              Cost of purchase                        Required Gross Profit

Pens                             1$                                      75%

Note pad                         5$                                     50%

Stickers book                    12$                                   40%

Reference no: EM132558990

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